Include Glossary and Index.

PART 1: MARKETS AND CONSUMERS ; 1. Economic Issues and Concepts ; 2. How Economists Work ; 3. Demand and Supply ; 4. Elasticity of Demand and Supply ; 5. Consumer Choice: Indifference Theory ; PART 2: MARKETS AND FIRMS ; 6. The Cost Structure of Firms ; 7. Perfect Competition ; 8. Monopoly ; 9. Imperfect Competition ; PART 3: MARKETS FOR INPUTS ; 10. Demand and Supply of Inputs ; 11. The Labour Market ; 12. Capital, Investment, and New Technology ; PART 4: GOVERNMENT AND THE MARKET ; 13. Successes and Failures of Markets ; 14. The Role of Government ; PART 5: MACROECONOMICS: ISSUES AND FRAMEWORK ; 15. Macroeconomic Issues and Measurement ; 16. A Basic Model of the Determination of GDP in the Short Term ; 17. GDP in an Open Economy with Government ; 18. GDP and the Price Level in the Short Run ; 19. GDP and the Price Level in the Long Run ; PART 6: MACROECONOMIC POLICY IN A MONETARY ECONOMY ; 20. Money and Monetary Institutions ; 21. The Role of Money in Macroeconomics ; 22. The Balance of Payments and Exchange Rates ; 23. Macroeconomic Policy in an Open Economy ; PART 7: GLOBAL ECONOMIC ISSUES ; 24. Inflation ; 25. Unemployment ; 26. Economic Growth and Sustainability ; 27. International Trade

This 12th edition has been revised and updated to offer economics students an introduction to economics and its core principles. New case studies and themed boxed examples, in-depth explanations and an expanded online resource centre will help students progress with their studies